Double Taxation Relief Manual

DT: Luxembourg: double taxation agreement, Article 33: Termination

This Convention shall remain in force until denounced by one of the Contracting States. Either Contracting State may denounce the Convention, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year after the year 1970. In such event, the Convention shall cease to have effect:

(a) in the United Kingdom:

(i) as respects income tax (including surtax) for any year of assessment beginning on or after 6th April in the calendar year next following that in which the notice is given;

(ii) as respects corporation tax for any financial year beginning on or after 1st April in the calendar year next following that in which the notice is given; and

(iii) as respects capital gains tax for any year of assessment beginning on or after 6th April in the calendar year next following that in which the notice is given;

(b) in Luxembourg:

for periods of assessment beginning after the end of the calendar year in which the notice is given.